The United Nilgiri Tea Estates Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 12, 2025
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Awaiting price reaction for this filing.
The United Nilgiri Tea Estates Company held its 103rd AGM on July 12, 2025, via video conference, chaired by Ms. Mallika Srinivasan. Five items of business were taken up, including approval of audited financial statements for FY 2024-25, confirmation of an interim dividend of Re.1 per equity share and declaration of a final dividend, reappointment of Mr. R. Rajkumar as Director (retiring by rotation), and re-appointment of Mr. R. Vijayaraghavan as Independent Director via special resolution. Shanmugam Rajendran & Associates LLP was also appointed as Secretarial Auditors. The Secretarial Auditors had made a remark to which the Company provided a suitable reply in the Directors' Report. The meeting ran from 11:00 AM to 12:35 PM, and e-voting results will be announced within the prescribed time limit.
This is a routine procedural filing confirming the AGM was conducted. The dividend confirmation (Re.1 interim plus final dividend for FY25) is mildly positive for income-focused shareholders, while the re-appointment of directors and appointment of new secretarial auditors are standard governance items with no material impact expected on the stock price.